Common use of Subsequent to Acceleration Clause in Contracts

Subsequent to Acceleration. Following delivery of an Acceleration Notice or the occurrence of an Event of Default specified in Section 10.1(f) or 10.1(g), the Secured Lenders shall share any payments subsequently received in accordance with Section 10.7.

Appears in 2 contracts

Sources: Credit Agreement (PRECISION DRILLING Corp), Credit Agreement (Precision Diversified Oilfield Services Corp.)